Dow Futures Little Changed as S&P 500 Advances for 3rd Session
2022.07.07 05:11
By Oliver Gray
Investing.com – U.S. stock futures were trading flat during Wednesday’s overnight deals after major benchmark averages finished the regular trading session higher as investors proved optimistic following the release of the latest FOMC meeting minutes.
By 7:00pm ET (11:00pm GMT) Dow Jones Futures, S&P 500 Futures and Nasdaq 100 Futures all remained little changed.
In extended deals, GameStop Corp (NYSE:GME) lifted 9% after announcing that its Board of Directors has approved and declared a four-for-one split of the Company’s Class A common stock in the form of a stock dividend. The dividend will be distributed after trading closes on July 21.
Avalo Therapeutics Inc (NASDAQ:AVTX) fell 15.5% after announcing a one-for-twelve reverse stock split of the Company’s common stock.
Bed Bath & Beyond Inc (NASDAQ:BBBY) moved 5.2% higher after Interim CEO Sue Gove and two directors bought stock.
Ahead in the session, investors will turn their attention toward weekly jobless claims, while Levi Strauss & Co (NYSE:LEVI) is set to report earnings after the bell.
During Wednesday’s regular session, the Dow Jones Industrial Average gained 69.9 points or 0.2% to 31,037.7, the S&P 500 added 13.7 points or 0.4% to 3,845.1, posting its third straight day of gains while the the NASDAQ Composite rose 39.6 points or 0.4% to 11,361.9.
On the policy front, the Federal Reserve’s June meeting minutes showed officials reiterating their tough stance against inflation, saying another 50 or 75 basis point move would “likely be appropriate” at the next meeting.
On the bond markets, United States 10-Year yields were at 2.932%.
